Running Average Formula/Function

Aug 22, 2006

I wonder if it is possible to formulate a formula in which average values are recalculated after every added record.

For example:
Record 1 shows an amount of 200 so the average value after 1 record is (200/1) 200. Record 2 shows an amount of 250 so the average value after 2 records is ((200+250)/2) 225. Record 3 shows an amount of 210 so the average value after 3 records is ((200+250+210)/3) 220.

I don't want to calculate all averages manually and most probably there must be a formula that is able to recalculate the average value after another record is added to the file.

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